On September 8, 2011 — one year ago tomorrow — President Obama laid out a series of policy proposals known collectively as the American Jobs Act. The plan included stimulus spending in the form of immediate infrastructure investments, tax credits for working Americans and employers to encourage consumer spending and job growth, and efforts to shore up state and local budgets to prevent further layoffs of teachers, firefighters, police officers, and other public safety officials.The American Jobs Act never became law, however, because Republicans opposed it from the start, blasting it as another form of “failed stimulus” that wouldn’t help the economy. (They ignored the fact that the first “failed stimulus,” the American Recovery and Reinvestment Act, wasn’t a failure at all.) One month later, the GOP blocked the bill in the Senate, preventing the creation of more than a million jobs and the added growth that multiple economists predicted would occur if the bill passed:–Moody’s Analytics estimated the American Jobs Act would create 1.9 million jobs and add two percent to gross domestic product.–The Economic Policy Institute estimated it would create 2.6 million jobs and protect an addition 1.6 million existing jobs.–Macroeconomic Advisers predicted it would create 2.1 million jobs and boost GDP by 1.5 percent.–Goldman Sachs estimated it would add 1.5 percent to GDP.The American economy has continued to recover since the American Jobs Act failed. It added 96,000 jobs last month, according to today’s Bureau of Labor Statistics report, making August the 30th consecutive month in which the private sector has grown. But growth could have been faster: the public sector shed 7,000 jobs in August, adding to the more 700,000 it has lost since 2009. That includes hundreds of thousands of teachers and educators, firefighters, and police officers. Had the public sector spent the last three years growing at its previous rate, unemployment would be at least a full point lower than it is now.The American Jobs Act and policies like it would have unquestionably boosted job creation and economic growth, a stark contrast to the tax-cutting policies put forth by congressional Republicans, whose “job creation” bills would have actually destroyed thousands of jobs. Republicans nevertheless continue to ignore economists and basic economics, instead pushing supply-side tax policies that have repeatedly failed to boost job creation and economic growth.Tags: Jobs

other stuff is bs paid for by hiring keynes to write a terrible boring book that said hey politicians if you overspend aka debt spend it STIMULATES the economy LOL talk about outright BS!!! try maxing your creditcards then fixing it by getting 10 more and maxing them!! see what happens!! lol

other stuff is bs paid for by hiring keynes to write a terrible boring book that said hey politicians if you overspend aka debt spend it STIMULATES the economy LOL talk about outright BS!!! try maxing your creditcards then fixing it by getting 10 more and maxing them!! see what happens!! lol

Obama is referring to the increase in private-sector jobs from February 2010 to May 2012. He uses February 2010 as the starting point, because that was the low point for private employment at 106,773,000 jobs. It’s been going up ever since. Right now, it’s at 111,040,000 — an increase of 4,267,000 jobs, according to the Bureau of Labor Statistics.

Obama is referring to the increase in private-sector jobs from February 2010 to May 2012. He uses February 2010 as the starting point, because that was the low point for private employment at 106,773,000 jobs. It’s been going up ever since. Right now, it’s at 111,040,000 — an increase of 4,267,000 jobs, according to the Bureau of Labor Statistics.

And this was done despite filibusters and the party of NO rejecting 51 JOBS Bills!! Imagine we'd be far ahead of this if America wasnt held hostage by the republicant's.

Obama is referring to the increase in private-sector jobs from February 2010 to May 2012. He uses February 2010 as the starting point, because that was the low point for private employment at 106,773,000 jobs. It’s been going up ever since. Right now, it’s at 111,040,000 — an increase of 4,267,000 jobs, according to the Bureau of Labor Statistics.

On September 8, 2011 — one year ago tomorrow — President Obama laid out a series of policy proposals known collectively as the American Jobs Act. The plan included stimulus spending in the form of immediate infrastructure investments, tax credits for working Americans and employers to encourage consumer spending and job growth, and efforts to shore up state and local budgets to prevent further layoffs of teachers, firefighters, police officers, and other public safety officials.The American Jobs Act never became law, however, because Republicans opposed it from the start, blasting it as another form of “failed stimulus” that wouldn’t help the economy. (They ignored the fact that the first “failed stimulus,” the American Recovery and Reinvestment Act, wasn’t a failure at all.) One month later, the GOP blocked the bill in the Senate, preventing the creation of more than a million jobs and the added growth that multiple economists predicted would occur if the bill passed:–Moody’s Analytics estimated the American Jobs Act would create 1.9 million jobs and add two percent to gross domestic product.–The Economic Policy Institute estimated it would create 2.6 million jobs and protect an addition 1.6 million existing jobs.–Macroeconomic Advisers predicted it would create 2.1 million jobs and boost GDP by 1.5 percent.–Goldman Sachs estimated it would add 1.5 percent to GDP.The American economy has continued to recover since the American Jobs Act failed. It added 96,000 jobs last month, according to today’s Bureau of Labor Statistics report, making August the 30th consecutive month in which the private sector has grown. But growth could have been faster: the public sector shed 7,000 jobs in August, adding to the more 700,000 it has lost since 2009. That includes hundreds of thousands of teachers and educators, firefighters, and police officers. Had the public sector spent the last three years growing at its previous rate, unemployment would be at least a full point lower than it is now.The American Jobs Act and policies like it would have unquestionably boosted job creation and economic growth, a stark contrast to the tax-cutting policies put forth by congressional Republicans, whose “job creation” bills would have actually destroyed thousands of jobs. Republicans nevertheless continue to ignore economists and basic economics, instead pushing supply-side tax policies that have repeatedly failed to boost job creation and economic growth.Tags: Jobs

Very convincing article.

The amount of lazy and stupid people on here that post garbage is overwhelming.

First off, this "article" calls the first stimulus a success: (They ignored the fact that the first “failed stimulus,” the American Recovery and Reinvestment Act, wasn’t a failure at all.)

That destroys the remote possibility that this "article" isn't horseshit.

Also notice how this mindless "article" omits how much money the "jobs bill" would end up costing the tax payer. The first trillion or two via the "successful stimulus" wasn't enough.

I have a great idea for a jobs bill. Stop passing fucking bills to create more government jobs and let the private sector recover without socialist central planning.

And one more thing -- Compare public sector and private sector unemployment, salaries and growth since Osama took office. Why on earth do we need to squeeze the private sector to help government employees? Government jobs have increased and the government sector has lower unemployment rate and higher salaries. Who do you think gained the most from the original stimulus bills? It all went to government employees, Obama donors and their green job scams and the rest ended up being flushed down the toilet of waste and fraud.

On September 8, 2011 — one year ago tomorrow — President Obama laid out a series of policy proposals known collectively as the American Jobs Act. The plan included stimulus spending in the form of immediate infrastructure investments, tax credits for working Americans and employers to encourage consumer spending and job growth, and efforts to shore up state and local budgets to prevent further layoffs of teachers, firefighters, police officers, and other public safety officials.The American Jobs Act never became law, however, because Republicans opposed it from the start, blasting it as another form of “failed stimulus” that wouldn’t help the economy. (They ignored the fact that the first “failed stimulus,” the American Recovery and Reinvestment Act, wasn’t a failure at all.) One month later, the GOP blocked the bill in the Senate, preventing the creation of more than a million jobs and the added growth that multiple economists predicted would occur if the bill passed:–Moody’s Analytics estimated the American Jobs Act would create 1.9 million jobs and add two percent to gross domestic product.–The Economic Policy Institute estimated it would create 2.6 million jobs and protect an addition 1.6 million existing jobs.–Macroeconomic Advisers predicted it would create 2.1 million jobs and boost GDP by 1.5 percent.–Goldman Sachs estimated it would add 1.5 percent to GDP.The American economy has continued to recover since the American Jobs Act failed. It added 96,000 jobs last month, according to today’s Bureau of Labor Statistics report, making August the 30th consecutive month in which the private sector has grown. But growth could have been faster: the public sector shed 7,000 jobs in August, adding to the more 700,000 it has lost since 2009. That includes hundreds of thousands of teachers and educators, firefighters, and police officers. Had the public sector spent the last three years growing at its previous rate, unemployment would be at least a full point lower than it is now.The American Jobs Act and policies like it would have unquestionably boosted job creation and economic growth, a stark contrast to the tax-cutting policies put forth by congressional Republicans, whose “job creation” bills would have actually destroyed thousands of jobs. Republicans nevertheless continue to ignore economists and basic economics, instead pushing supply-side tax policies that have repeatedly failed to boost job creation and economic growth.Tags: Jobs

The first stimulus was successful, not as successful as it could have been, and not as visibly successful as statistically so. It saved lots of jobs, but people don't notice a job that doesn't get eliminated (they only notice when a job gets eliminated or created-preserving the status quo goes unnoticed). And obama compromised, instead of putting the entire stimulus towards spending he put about half if I remember correctly to savings.

The first stimulus was successful, not as successful as it could have been, and not as visibly successful as statistically so. It saved lots of jobs, but people don't notice a job that doesn't get eliminated (they only notice when a job gets eliminated or created-preserving the status quo goes unnoticed). And obama compromised, instead of putting the entire stimulus towards spending he put about half if I remember correctly to savings.

The first stimulus was successful, not as successful as it could have been, and not as visibly successful as statistically so. It saved lots of jobs, but people don't notice a job that doesn't get eliminated (they only notice when a job gets eliminated or created-preserving the status quo goes unnoticed). And obama compromised, instead of putting the entire stimulus towards spending he put about half if I remember correctly to savings.

Is anything you write backed up by anything resembling a demonstrable fact?